PAL North American Palladium Daily Chart H&S

PAL North American Palladium taking a nose dive from the lofty perch. Weekly chart is in negative divergence and very agreeable to a pull back. Daily chart here is a textbook chart rolling over. Price should continue lower; two different H&S targets are 5.00 as shown by the pink lines or the 4.50-4.60 area shown by the light blue lines. Many gaps to fill between 4 and 6 dollars.

The one sliver of hope a palladium bull can hang on to is the gap left behind at 6.60. Perhaps it can be revisited but overall, price wants to hang out lower in the days and weeks ahead. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.